Industrial

Heitman LLC Buys 475,235 SF Industrial Warehouse in Perris, California

by Nellie Day January 3, 2018

PERRIS, CALIF. — An affiliate of Heitman LLC has purchased a 475,235-square-foot warehouse in the Inland Empire submarket of Perris for an undisclosed sum. The warehouse is located at 290 Markham St. The asset was developed in 2017. It is fully leased to e-commerce fashion company TechStyle. The building features 112 dock doors, 153 trailer stalls, 36-foot clear heights and a low office finish at 1.26 percent of the square footage. HFF’s Andrew Briner, Anthony Brent and Ryan Martin represented the seller, Circle Industrial, in this transaction.

January 3, 2018

California Industrial Western

Jeld-Wen Leases 194,734 SF at North County Corporate Center in Vista, California

by Nellie Day January 3, 2018

VISTA, CALIF. — Jeld-Wen has leased 194,734 of industrial space at North County Corporate Center in the San Diego submarket of Vista. The door and window manufacturer is leasing two buildings at 2760 and 2765 Progress St. The company has been a longstanding tenant of the North County Corporate Center for 15 years. North County Corporate Center is a five-building industrial park that was built in 1999. It is currently fully leased. Darren Morgan of Cushman & Wakefield represented Jeld-Wen, while the firm’s Aric Starck and Dennis Visser represented the landlord, Barings Real Estate Advisors, in this transaction.

January 3, 2018

Florida Industrial Southeast

Cushman & Wakefield Brokers $40.4M Sale of Industrial Park in Tampa

by Camren Skelton January 3, 2018

TAMPA, FLA. — Cushman & Wakefield has arranged the $40.4 million sale of Tri-County Business Park, a 676,735-square-foot industrial park located at 13300 McCormick Drive in Tampa. Rick Brugge, Mike Davis and Michael Lerner of Cushman & Wakefield arranged the transaction on behalf of the seller, True North Management Group. A joint venture between Birtcher Anderson and JCR Capital acquired the asset. Tri-County Business Park includes 20 buildings constructed between 1980 and 1988. The buildings feature varying clear heights and both grade-level and dock-high loading. At the time of sale, the property was 75 percent leased to tenants including Leader Tech, Seven Seas Water Corp. and Clextral Inc.

January 3, 2018

Connecticut Industrial Northeast

Fischer Commercial Real Estate Brokers $1.5M Sale of Industrial Property in New Haven, Connecticut

by Amy Works January 2, 2018

NEW HAVEN, CONN. — Fischer Commercial Real Estate has arranged the sale of an industrial property located at 300 East St. in New Haven. Space Craft Holdings sold the property to 300 East Street LLC, a title-holding entity whose members are the owners of New Haven-based Luckey Climbers, for $1.5 million. Situated on 2.3 acres, the property features 27,238 square feet of space. Luckey Climbers is a bespoke design-build firm specializing in creating unique and imaginative three-dimensional climbing structures for children-oriented institutional and commercial clients. The firm plans to relocate its manufacturing and executive offices from Chapel Street in New Haven to the new property. Alan Fischer of Fischer Commercial Real Estate represented the seller and buyer in the off-market transaction.

January 2, 2018

Industrial Texas

Dollar General to Build 1 MSF Distribution Center in Longview

by John Nelson January 2, 2018

LONGVIEW, TEXAS — Dollar General Corp. plans to build a nearly 1 million-square-foot distribution center in Longview, its second in Texas and 17th nationwide. The new property is expected to create 400 full-time jobs and serve roughly 1,000 Dollar General stores in Texas and the Southeast. Goodlettsville, Tenn.-based Dollar General has selected Clayco as the project’s general contractor, Leo A. Daly as the architectural engineering firm and Elan Design as the civil engineering firm. The development team plans to break ground on the new distribution center in the first quarter. Dollar General currently has more than 1,400 stores and over 12,000 employees in Texas alone. The company has 15 distribution centers that are located in Alabama, California, Florida, Georgia, Indiana, Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas (San Antonio), Virginia and Wisconsin. The company’s 16th distribution center in Amsterdam, N.Y., is currently under construction.

January 2, 2018

Industrial New Jersey Northeast

NAI Hanson Arranges Sale of 15,700 SF Industrial Building in Elmwood Park, New Jersey

by Amy Works December 22, 2017

ELMWOOD PARK, N.J. — NAI James E. Hanson has brokered the sale of an industrial/flex building located at 20 Bushes Lane in Elmwood Park. RH Foster Associates sold the 15,700-square-foot property to 20 Bushes Lane LLC for an undisclosed price. Renovated in 2015, the property features two loading docks with heavy lift levelers and ample parking. The buyer plans to use the property to manufacture valves and regulators. Joshua Levering and Nicholas DePaolera of NAI Hanson represented the seller, while Andrew Somple, also of NAI Hanson, represented the buyer in the deal.

December 22, 2017

Industrial Midwest Wisconsin

Tribe 9 Foods Signs 50,814 SF Industrial Lease in Madison, Wisconsin

by Kristin Harlow December 22, 2017

MADISON, WIS. — Tribe 9 Foods LLC has signed a 50,814-square-foot industrial lease in Madison. The manufacturer of grain-free foods, gluten-free foods, nut butters and pastas will occupy the space at 2901 Progress Road. Andy Hess of Founders 3 represented the tenant in the lease transaction. Scott Revolinski of Founders 3 represented the landlord, LCM Funds 40 Madison LLC.

December 22, 2017

Industrial Texas

Colliers Negotiates 28,219 SF Industrial Lease in Houston

by Taylor Williams December 22, 2017

HOUSTON — Colliers International has negotiated a 28,219 SF industrial lease within Northway Park II in Houston on behalf of Campbell Fittings Inc., a manufacturer of fittings and sleeves for industrial hoses. Walter Menuet and Judd Harrison of Colliers International represented the tenant in the lease negotiations. Kelly Landwermeyer of Holt Lunsford Commercial represented the landlord, CenterPoint Houston UCET LLC.

December 22, 2017

Industrial Texas

NAI Partners Secures 22,000 SF Industrial Lease in Metro Houston

by Taylor Williams December 22, 2017

PASADENA, TEXAS — NAI Partners has secured a 22,000-square-foot industrial lease at 2915 Pasadena Boulevard in the southeastern Houston metro of Pasadena. The property, which is situated on 1.5 acres, was built on a speculative basis. Clay Pritchett of NAI Partners represented the landlord, Houston Industrial Development One LP, in the lease negotiations. Sarah Hoffman, also of NAI Partners, represented the tenant, machinery manufacturer Stacey Supply Corp.

December 22, 2017

Industrial Southeast Tennessee

CCL Label, Korsini SAF Open $25M Label Printing Facility in Metro Memphis

by Camren Skelton December 22, 2017

COLLIERVILLE, TENN. — Canadian-based label company CCL Label and Turkish specialty label producer Korsini SAF have opened a $25 million in-mold label facility in Collierville, roughly 30 miles southeast of Memphis. The 85,000-square-foot building is located at the Interstate 269/State Road 385/US 72 crossroads, adjacent to CCL Label’s existing 111,000-square-foot production plant. The new facility will produce in-mold labels for the injection molded containers market and will create 130 new jobs. In addition, the facility has the potential for a 36,000-square-foot future expansion.

December 22, 2017

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